Category: Latest News
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Nvidia to Roll Out Budget-Friendly AI Chipset for Chinese Market
Nvidia (NASDAQ:NVDA) is preparing to launch a new, more affordable artificial intelligence (AI) chip tailored for China, according to a Monday report from Reuters. This new offering is set to cost considerably less than the company’s existing H20 model, which has recently faced usage restrictions. Citing insiders with knowledge of the matter, the report states…
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Gold Slips as Markets React to Trump’s Tariff Delay on the EU
Gold prices dipped slightly in Asian trading on Monday, trimming some of the gains seen last week after U.S. President Donald Trump backed away from an earlier threat to immediately impose 50% tariffs on imports from the European Union. Despite the pullback, gold’s losses were tempered by ongoing weakness in the U.S. dollar and continued…
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Currency Agreements and Fiscal Policy Create Challenges for U.S. Dollar – Bank of America
Speculation around possible currency agreements has emerged as a key theme in foreign exchange markets, according to Bank of America Securities, while the tailwind from U.S. fiscal policy is fading. With the G7 Finance Ministers convening, expectations are rising for some form of foreign exchange statement—potentially including currency accords—Bank of America analysts noted in a…
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Bernstein Cautions Investors: U.S. Auto Sector Downgrade Cycle Continues
In a recent note to investors, Bernstein issued a warning about the U.S. auto industry, advising caution despite strong second-quarter results. The firm highlighted that the apparent Q2 strength is misleading and predicts a slowdown emerging in the latter half of 2025 and extending into 2026. Bernstein characterized the robust Q2 performance as a “mirage,”…
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U.S. Stocks Climb Off Early Lows But Still Close Firmly Negative
Stocks moved sharply lower in early trading on Friday but regained some ground over the course of the session. While the major averages climbed well off their worst levels of the day, they still closed firmly in negative territory. The tech-heavy Nasdaq tumbled as much as 1.7 percent early in the session before ending the…
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UBS Predicts Continued Dollar Weakness Extending Into 2026
The U.S. dollar has experienced significant weakness throughout much of this year, and UBS anticipates this trend will persist into 2026. The greenback faces structural challenges stemming from slowing U.S. economic growth and ongoing policy uncertainties, according to the bank’s latest analysis. As of 4:30 a.m. ET, the Dollar Index – which measures the dollar…
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Goldman: Hedge Funds Reduce U.S. Big Tech Stakes, Shift Focus to China
According to Goldman Sachs’ latest Hedge Fund Trend Monitor, hedge funds significantly trimmed their holdings in major U.S. Big Tech stocks during early 2025, reallocating capital toward Chinese equities. The quarterly report, which analyzed 13-F filings from 684 hedge funds controlling $3.1 trillion in gross equity assets, reveals a clear rotation away from the so-called…
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Dow Jones, S&P, Nasdaq Fall on Tariff Threats and Trade Tensions as Trump Targets EU and Apple
The major U.S. index futures for the Dow Jones, S&P and Nasdaq are currently pointing to a sharply lower open for the markets on Friday, with stocks likely to come under pressure after ending the previous session roughly flat. The futures plunged after President Donald Trump threatened to impose 50 percent tariffs on imports from…
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Fed Officials Discuss Economy; April New Home Sales Expected to Drop 4.4%
St. Louis Federal Reserve President Alberto Musalem and Kansas City Federal Reserve President Jeffrey Schmid are due to participate in a discussion on the economy and monetary policy before the Northwest Arkansas Fireside Chat at 9:35 am ET. The Commerce Department is scheduled to release its report on new home sales in the month of…
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UBS Boosts S&P 500 Target to 6,400 by Mid-2026, Citing AI Momentum and Economic Resilience
UBS has significantly raised its forecast for the S&P 500, projecting the benchmark index will reach 6,400 by June 2026, underpinned by strong corporate earnings, ongoing AI investments, and a more positive macroeconomic outlook. The Swiss investment bank also increased its year-end 2025 target to 6,000, up from a prior estimate of 5,800. The upgrade…